Beyond the Veil: Alberta Court Pierces Corporate Veil on the Basis of Authorized Agency

Jessica Cameron, Jennifer Caruso and Tiffany Bennett of Fasken explain that the Alberta Court of King’s Bench pierced the corporate veil in Wolverine to hold a director personally liable where related corporations acted as his authorized agents in receiving preference and undervalue payments, reinforcing that courts will look past corporate separateness when entities are used to channel personal obligations in insolvency.